FINRA ejected three more bank reps from the industry.
Michael S. Warner, a former registered rep with JP Morgan Securities in New York, allegedly stole more than $11,000 from a bedridden bank customer who suffered from multiple sclerosis. According to a settlement FINRA made public this month, Warner obtained access to the customer's personal checking account, purportedly to assist the customer with paying bills. FINRA claims that Warner used this access to pay both his customer's as well as his own personal credit card and cable bills totaling $11,134.
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